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Archive for the ‘Equity’ Category

Real Estate Terms starting with (E)

Are you confused and overwhelmed by the extensive terms and words used in real estate? Every person working in real estate or planning to buy or sell real estate can benefit from learning some of the terms….

A | B | C | D | E | F

The Following are real estate terms [...]

Why You Should Own Your Own Home

You may be wondering if you should rent or buy your next home. In this brief article we are going to discuss the benefits of owning your own home. A huge benefit to begin the discussion is Equity.

Paying monthly rent is money lost with no direct benefit to you (in some cases aiding in [...]

First Time Buying

To some, the idea of buying a house, condominium, cooperative, or the like is based on the conventional wisdom that everyone should own a home. Being a real estate agent in New York, I usually hear from my first time buyers, “What’s the benefit of buying rather then renting?” As a real estate agent and [...]

What is equity

What is equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). Also called the difference between the market value of a property and the claims held against it. Equity is simply the amount of ownership value a homeowner has in the property. Equity is computed by subtracting the [...]

7 Reasons to Own Your Home

7 Reasons to Own Your Home
1. Tax breaks. You are allowed to deduct the interest you pay on your mortgage and property taxes. There are other deductions but we here at Real Estate Taxi suggest you check with your local tax professional
2. Appreciation. Housing is, and always will be in high demand no matter which [...]